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Stock Market Live Updates: SGX Nifty signals a negative start; Asian stocks trade mixed –

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Asian shares trade mixed

Asian share markets were mostly softer on Monday and the dollar held firm after a stunning U.S. payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes.

Quarterly earnings today

Bharti Airtel, Adani Ports and Special Economic Zone, Power Grid Corporation Of India, Samvardhana Motherson International, Delhivery, Torrent Power, Whirlpool Of India and National Aluminium Company are among companies that will announce their quarterly earnings today.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 65 points, or 0.37 per cent, lower at 17,358.50, signaling that Dalal Street was headed for a negative start on Monday.

Tech View: Nifty50 loses momentum, may enter consolidation phase

Nifty50 on Friday ended on a flattish note for the second straight session. The index formed an indecisive candle on the daily chart. On the weekly scale, the index formed a small bullish candle. Analysts said the index might be losing momentum after recent strong gains. They see 17,500 as an immediate resistance level. The level of 17,150 may act as strong support, they said.

Oil slides amid recession fears, slow recovery in China imports

Oil prices dropped on Monday, hovering near multi-month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China’s crude imports last month.

Tokyo markets open lower after recent gains

Tokyo stocks opened lower Monday after recent gains in Japanese markets and with US tech share prices softening. The benchmark Nikkei 225 index fell 0.33 percent, or 92.54 points, to 28,083.33 in early trade, while the broader Topix index lost 0.36 percent, or 6.94 points, at 1,940.23.

S&P 500 ends down as jobs data rekindles rate hike fear

The S&P 500 ended lower on Friday, weighed down by Tesla and other technology-related stocks after a solid jobs report torpedoed recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation.

Rupee rises 16 paise to 79.24 against US dollar

Reversing a two-session losing streak, the rupee appreciated by 16 paise to close at 79.24 against the US dollar on Friday after the Reserve Bank hiked interest rates by 50 basis points.

Sensex, Nifty on Friday

The BSE Sensex remained choppy in the last hour but settled 89 points higher at 58,388. Its NSE counterpart, Nifty50, recovered from day’s lows to add another 16 points but ended the week below 17,400.

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